After being in the dock for pending dues on aviation turbine fuel, Vijay Mallya?s Kingfisher Airlines has been penalised with a fine of Rs 26.46 crore for delay in the payment of tax deduction at source (TDS). Two other private airlines ? Spicejet and MDLR ? also did not pay their TDS on time.
?In case of Kingfisher Airlines Pvt Ltd, a penalty of Rs 26.46 crore for the delayed remittance of deducted tax has been levied,? minister of state for finance SS Palanimanickam said in a written reply to a question in Lok Sabha
on Friday.
Palanimanickam said in the case of Kingfisher Airlines, TDS amounting to Rs 32.73 crore was deducted from April 2008 to November 2008. However, an amount of Rs 35.31 crore from April 2008 to March 2009 was remitted to the government account.
While Spicejet and MDLR also did not pay their TDS on time, it is not clear if any fine was imposed on them.
The minister, in his reply, said, ?Spicejet Pvt Ltd?s TDS for 2007-08 amounting to Rs 7.74 crore and for 2008-09 amounting to Rs 3.64 crore was deducted, but not deposited into the government account,? adding that it has now paid Rs 11.62 crore to clear the dues. On MDLR, Palanimanickam said, ?The total demand raised by the tax authorities was Rs 5.65 crore and the airline has deposited Rs 75.4 lakh into the government account.? The airlines deducted TDS amounting to Rs 4.27 crore for the period April 1, 2008, to January 22 this year, but had not deposited it into the
government account.